Global Production Sharing and Sino-US Trade Relations

This paper examines Sino-US trade relations, focusing on the ongoing process of global production sharing, involving splitting of the production process into discrete activities that are then allocated across countries, and the resulting trade complementarities between the two countries in world manufacturing trade. The results suggest that the Sino--US trade imbalance is basically a structural phenomenon resulting from the pivotal role played by China as the final assembly centre in East Asia-centered global production networks.

SINO-US RELATIONS:THE NECESSITY FOR CHANGE AND A NEW STRATEGY

After several years of stress and strains, a historical opportunity appears on thehorizon for considerable improvement of Sino-US relations. It will determinethe nature of long-term relationship in the post-Cold War years. The

Sino-US Relations: A Bumpy Path of Exploring Cooperation

January 1, 1999 marks the 20th anniversary of the establishment of diplomaticties between China and the United Slates. Over the past two decades, the bi-lateral relationship has traversed a bumpy path of a "para-strategic partnership" inthe eighties, of "cold confrontation" in the first half of the nineties and of a "rela-tively stable development" in the past two years or so. The two decades have witnessed uninterrupted explorations for a mutually ac-ceptable strategic definition of bilateral relations, which have been characterized

New International Partner Network Launched to Further Sino-US Business Relations

"The network will foster newrelationship between US andChinese small and medium-size companies in 14 key busi-ness centers, generating newopportunities for US SMEs inthe China market and prosper-ity for both our great nations,"said Tim Hauser.

A Strategic Vision Urged for Sino-US Economic Relations

As an important ingredient in bilateral ties, China-US economic and trade rela-tions have now evolved into a bond of strategic interests that glue the world’stwo great powers. Since a trans-Pacific strategic partnership is taking shape in the political arena,the author believes that, the call of the hour is to go a step further and put

Benefits for Future Sino-US Relations from Lessons of Past 50 Years

The roller coaster Sino-US relations over the past 50 years have dipped to a newlow once again this year, with clamor for strategic competition drowning outadvocacy of strategic cooperation on the other shore of the Pacific Ocean. Why bi-lateral ties have thus far failed to shatter this erratic puzzling bind ? A review of thepast 50 years will perhaps offer us much food for thought.

US Election and Sino-US Relations

The general elections in the United States this year will elect the first presidentin the new millennium, a third of the senators (34) and all the 435 house rep-resentatives. The event will have a historic importance in the annals of the nationbecause involved will not only be the political fortune and strategic direction of theDemocratic and the Republic Parties but also changes in US foreign policy, Chinapolicy in particular.

Impact of Sino-US Trade Friction on Import and Export Trade Pattern of Soybean in Heilongjiang

Under the background of Sino-US trade friction,soybean,as an important variety in the important and export trade of agricultural products,has become a key bargaining chip. After the Ministry of Commerce of China announced the counter list of agricultural products including soybean,the price fluctuations of domestic soybean and related agricultural products are rapidly expanding. Under the background of SinoUS trade friction,taking the soybean-producing areas in Heilongjiang as an example,the impact of Sino-US trade friction on the important and export pattern of soybean in Heilongjiang was explored to provide a certain theoretical basis for the development of soybean industry in Heilongjiang.

China-US Trade Relations:Win-Win Picture Distorted

At present China-U.S.trade relations are in a state of confusion.Although both countries have gained tremendous benefits from the bilateral trade relationship,some Americans have intentionally distorted some basic facts regarding China-U.S.trade relations. Based on an analysis of some official and nonofficial research reports published in the United States,this article holds that the China-U.S.trade imbalance is the symptom of a bigger issue stemming from the contradiction between the United States as the world's sole superpower and China as an emerging power.Economic globalisation came about due to the needs of western developed countries represented by the United States to boost economic development.Only by seizing the opportunities of economic globalisation, has China gained strong economic growth. Such a development is changing the world political,economic,military and cultural landscape that have been shaped since the post-cold-war era,and has to some extent raised doubt or suspicion on the part of the United States and its western allies.This is a manifestation of how unprepared some people in the United States and other western countries are in the face of China's rapid development and rising status.So,their immediate reaction has been to seek protection for themselves,and try their utmost to prevent China's rapid growth from impacting on the international framework and their vested interests.

Spatial Interaction Network Analysis of Crude Oil Trade Relations between Countries along the Belt and Road

Based on the theories and methods of complex network,crude oil trade flows between countries along the Belt and Road(B&R,hereafter)are inserted into the Geo-space of B&R and form a spatial interaction network which takes the countries as nodes and takes the trade relations as edges.The networked mining and evolution analysis can provide important references for the research on trade relations among the B&R countries and the formulation of trade policy.This paper researches and discusses the construction,statistical analysis,top networks and stability of the crude oil trade network between the B&R countries from 2001 to 2020 from the perspectives of Geo-Computation for Social Sciences(GCSS)and spatial interaction.Firstly,evolutions of out-degree,in-degree,out-strength and in-strength of the top 10 countries in the crude oil trade network are computed and analyzed.Secondly,the top network method is used to explore the evolution characteristics of hierarchical structures.And finally,the sequential evolution characteristics of the crude oil trade network stability are analyzed utilizing the network stability measure method based on the trade relationship autocorrelation function.The analysis results show that Russia has the largest out-degree and out-strength,and China has the largest in-degree and in-strength.The crude oil trade volume of the top 10 import and export networks between 2001—2020 accounts for over 90%of the total trade volume of the crude oil trade network,and the proportion remains relatively stable.However,the stability of the network showed strong fluctuations in 2009,2012 and 2014,which may be closely related to major international events in these years,which could furtherly be used to build a correlation model between network volatility and major events.This paper explores how to construct and analyze the spatial interaction network of crude oil trade and can provide references for trade relations research and trade policy formulation of B&R countries.

Trumponomics and China-US Economic and Trade Relations

Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.

Research and Analysis of the Sino-US Agricultural Trade in Current Decade

China has a large population, so the supply of agricultural products is very essential, and agricultural trade plays an important role. According to the data from the United Nations’ commodity trade, the rate of agricultural products trade development between China and the United States is declining since 2012, and China has kept perennial trade disadvantage for a long period of time. In order to change the current trade situation, we must make in-depth analysis on the two countries’ agricultural products trade status and their characteristics, thus target to development of trade strategy. This paper first introduces the current imbalance situation of the agricultural trade between China and the United States, then analyzes the causes of trade imbalance and its impact. Finally, some relevant countermeasures are putting forward, such as expanding the scale of the economy and agriculture;narrowing the gap between international and domestic regions and improving the quality and safety of agricultural products.

Bush' s China Policy and the Future of Sino-U.S.Relations

The past two years have witnessed great fluctuations ininternational oil prices,and diplomatic efforts,both above andunder the table,by major powers around this issue.The currenttension in the war-threatened Iraq has added more uncertainties to thefuture world oil situation.Will the world oil supply and demand change?What impact would this exert on big powers’ oil strategy choices,geopolitics as well as world economy?What should China do in such asituation?To find the answers to these questions,at the invitation of theeditor of the Contemporary International Relations,seven experts fromChina Institute of Contemporary International Relations gathered to have adiscussion in early February this year.Naturally,they have differentviews over many issues.Still,we hope our readers would find theirdiscussion interesting.Following is the list of participants.

Recalculating Sino-US Trade Balance Using the Ownership-Based Statistical Method

Using the trade statistical method based on asset ownership,this paper recalculated Sino-US bilateral trade volume and the result indicates that against traditional trade statistics,Chinese exports to the US reduced by an average of 51%while Chinese imports from the US increased by an average of 41%between 2004 and 2010.Balance of trade is in the range between US$2,189 billion of deficit and US$12.77 billion of surplus on the part of China,which are far smaller than the balance of Sino-US trade calculated by traditional statistical method.In order to reflect the real scale of China's foreign trade and effectively respond to Sino-US trade frictions,it is necessary for China to establish its trade statistics system based on asset ownership.

Research on Rebalance of Economic Globalization and Sino-US Trade Friction

With the development of science and technology, informationization and economic globalization are developing faster and faster, and their impact on the world's economy and trade is also growing. The United States started the rebalancing strategy with tax reform as the starting point, and had large-scale trade frictions with China. How to avoid economic and trade frictions and promote sustainable economic development has become an important issue facing all countries. Although the economic and trade relations between the two countries are generally in a stable state, the friction in the trade field between the two countries exists in every stage of their economic and trade cooperation from beginning to end. The occurrence of trade friction not only affects the development of bilateral trade and regional economic development, but also may lead to a worldwide economic crisis. This paper analyzes the new forms of trade friction faced by the two countries under economic globalization through the friction between China and the United States in trade. With a view to promoting the sound development of trade between the two countries.

Adhering to Opening-up is the Key to Solve Sino-US Economic and Trade Problems

The new round of Sino-US high-level economic and trade consultations has been concluded.This is the 13th round of negotiations since the wide acceleration of economic and trade frictions between China and US.